Commercial Credit Underwriter
About The Position
NewtekOne is seeking a Commercial Credit Underwriter to conduct financial and credit analyses of loan applicants and transactions, assess creditworthiness and compliance, and prepare credit memoranda and approval letters. The role analyzes business operations, historical cash flow, financial statements, tax returns, collateral, management, projections, and relevant market and industry information to support informed lending decisions. The underwriter also reviews loan packages and documents for completeness, incorporates third-party reports, and projects loan-level cash flows based on potential resolution outcomes. The position requires at least seven years of experience underwriting ABL/Factoring transactions, a strong understanding of cash flow, and formal bank credit training or RMA credit courses. The employee will also participate in assigned Community Reinvestment Act activities, which may include community outreach, volunteer events, and financial education programs. The stated salary range is $80,000 to $130,000 annually.
Requirements
- Minimum of seven years of experience underwriting ABL/Factoring transactions.
- Strong understanding of cash flow.
- Formal bank Credit Training Program or RMA Credit Courses.
- Computer literacy and proficiency with Microsoft Office products, including Word and Excel.
- Strong organizational, verbal, and written communication skills.
- Keen analytical and decision-making skills.
- Ability to establish and maintain effective work relationships internally and externally.
Responsibilities
- Conduct financial and/or credit analyses while ensuring compliance with internal regulations.
- Perform initial reviews of incoming loan packages to assess creditworthiness and compliance.
- Analyze loan files and review loan documents for completeness.
- Analyze financial statements to determine business operating trends and viability.
- Review tax returns and other credit information to assess borrower and guarantor net worth and potential.
- Prepare detailed analyses of historical property operations to inform decisions about future performance.
- Prepare preliminary and final credit memoranda for presentation to the Credit Committee.
- Research applicable industry and market data and trends.
- Coordinate and incorporate third-party reports into credit analyses.
- Project loan-level cash flows based on potential resolution outcomes.
- Provide complete and accurate credit memoranda containing credit analyses of loan applicants.
- Analyze applicants' business operations, historical cash flow, balance sheets and financial condition, management structure, collateral, and projections, and compare these elements to RMA.
- Prepare approval letters.
- Participate in assigned mandatory CRA activities and initiatives, including community outreach, volunteer events, and financial education programs.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
